In order to provide alternatives to drug-crop production, the Andean Trade Preference Act (ATPA) was created, providing Bolivia, Colombia, Ecuador, and Peru tariff free access to U.S. markets for many goods
Indicate whether the statement is true or false
TRUE
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The MU of computers is initially larger than the MC of producing them in a free market. We may expect output of computers to
a. fall, MC to rise, and MU to rise. b. rise, MC to fall, and MU to fall. c. rise, MC to rise, and MU to fall. d. fall, MC to fall, and MU to rise.
Figure 11-1
The Red Cross is virtually the only operator of blood banks in the United States. In Figure 11-1 are the demand and cost curves facing the Red Cross blood bank. If the Red Cross were to set price and quantity at the level that it would obtain in the long run in a competitive industry, how much blood would it sell?
a.
OA
b.
OB
c.
OD
d.
OC
Professor Cowen's objection to fiscal policy spending by government is:
A. the government may rush to start stimulus spending and not spend money in the most effective way possible. B. the government may put too much thought into the spending projects and confuse stimulus spending with industrial policy. C. households and businesses might realize that the boost in spending is from the government and simply save the income they receive. D. the government may not have enough money available to do an appropriate amount of spending.
If you are really poor, often your only credit option may be ________________.
Fill in the blank(s) with the appropriate word(s).